Which of the Following Statements Is True of the Theory

question 32

Multiple Choice

Which of the following statements is true of the theory of national competitive advantage of industries?

• A) It focuses on why certain industries within a nation are competitive internationally.
• B) It proposes to help only a few strategically important industries.
• C) It was first proposed in the 1960s by the American economist Raymond Vernon.
• D) It is the idea that governments should actively protect domestic industries from imports and vigorously promote exports.

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Definitions:

Health Care Needs

The required medical services and support necessary to maintain an individual’s health.

Decisional Processes

The series of cognitive steps taken to evaluate information, weigh options, and make choices or solve problems.

Mental Maps

Internal representations of an individual's knowledge, perceptions, and thoughts about the physical environment or landscape around them.

Reality

The state of things as they actually exist, as opposed to an idealistic or notional idea of them.